The Arkansas Professional Fund Raiser Surety Bond is required by the Arkansas Attorney General at a bond amount of $10,000. This bond is required to help discourage deceptive trade practice.
Professional fundraisers can be a business or even just an individual person who is hired to do fundraising campaigns for charitable organizations. In order to practice this profession in the state of Arkansas, one must be properly registered and licensed as demanded by the Arkansas Attorney General.
Unlike insurance, which protects you, a surety bond seeks to protect the public or the obligee. In this case, the purpose of the surety bond is
to assure the state that whatever funds you will be able to raise as a professional fundraiser will be handled professionally. They will not be mishandled or mismanaged and will be endorsed to the proper authority or the charitable organization that hired you.
In the event that someone suffers damages from any wrongdoing you did while working as a professional fundraiser, the surety company will issue a payout, which you will reimburse to that company.
Surety Solutions Insurance Services, Inc. (Surety1) has made it very easy to get an Arkansas Professional Fund Raiser Surety Bond. Just complete our easy to navigate online application form, and within 1 business day, an agent will contact you with a firm quote. Then make payment, sign some paperwork and your bond will be sent to you through USPS priority mail. Overnight delivery is also available.
Surety1 represents over a dozen ”a” rated surety bond providers and has been issuing Arkansas surety bonds since 2003. The company is licensed to operate in all 50 states and maintains an A+ rating by the Better Business Bureau.